Analysis of the long-term relationships of the underlying rates of inflation in the EMU member states
AbstractThe aim of this paper is to analyse whether or not there is a long-term stable equilibrium relationship between the underlying rates of inflation of the member states that have adhered to Economic and Monetary Union (EMU). This longterm equilibrium represents an essential requirement for compliance with the convergence criterion of price stability, through which it is possible to guarantee the maintenance of the levels of relative competitiveness of these member states. To that end, the concept of underlying inflation is defined, obtained on the basis of the trend-cycle component of the consumer price series, having first eliminated the calendar and Easter effects, as well as the outliers, from these original series. After applying a bivariate cointegration test to these components, essentially pessimistic conclusions are obtained with respect to compliance with the said stability criterion.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 33 (2001)
Issue (Month): 15 ()
Contact details of provider:
Web page: http://www.tandfonline.com/RAEC20
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.